MarketAxess (NASDAQ:MKTX) General Counsel Sells $16,332.00 in Stock

MarketAxess Holdings Inc. (NASDAQ:MKTX) General Counsel Scott Pintoff sold 100 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $163.32, for a total value of $16,332.00. Following the transaction, the general counsel directly owned 11,486 shares in the company, valued at $1,875,893.52. This represents a 0.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Scott Pintoff also recently made the following trade(s):

• On Monday, August 10th, Scott Pintoff sold 100 shares of MarketAxess stock. The stock was sold at an average price of $162.60, for a total transaction of $16,260.00.
• On Friday, July 10th, Scott Pintoff sold 100 shares of MarketAxess stock. The shares were sold at an average price of $115.12, for a total transaction of $11,512.00.

MarketAxess Stock Performance

NASDAQ MKTX opened at $163.00 on Monday. The firm has a market cap of $5.74 billion, a P/E ratio of 19.22, a price-to-earnings-growth ratio of 2.08 and a beta of 0.83. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.09. The company’s 50 day moving average is $145.93 and its 200-day moving average is $149.57. MarketAxess Holdings Inc. has a 12-month low of $108.75 and a 12-month high of $195.96.

MarketAxess (NASDAQ:MKTX) last issued its earnings results on Thursday, July 30th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.10. The business had revenue of $218.41 million for the quarter, compared to analysts’ expectations of $216.70 million. MarketAxess had a net margin of 35.22% and a return on equity of 22.48%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.00 EPS. Sell-side analysts predict that MarketAxess Holdings Inc. will post 8.06 earnings per share for the current year.

MarketAxess Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were given a $0.78 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $3.12 annualized dividend and a dividend yield of 1.9%. MarketAxess’s payout ratio is 36.79%.

Institutional Investors Weigh In On MarketAxess

Several hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System increased its holdings in shares of MarketAxess by 10,925.6% in the 2nd quarter. California State Teachers Retirement System now owns 4,816,856 shares of the financial services provider’s stock worth $546,665,000 after buying an additional 4,773,168 shares during the last quarter. BlackRock Inc. bought a new position in MarketAxess in the second quarter valued at $453,941,000. Primecap Management Co. CA bought a new position in MarketAxess in the second quarter valued at $397,772,000. AQR Capital Management LLC raised its position in MarketAxess by 169.0% during the fourth quarter. AQR Capital Management LLC now owns 2,558,097 shares of the financial services provider’s stock valued at $463,655,000 after purchasing an additional 1,607,009 shares in the last quarter. Finally, North Reef Capital Management LP raised its position in MarketAxess by 16.5% during the first quarter. North Reef Capital Management LP now owns 1,875,000 shares of the financial services provider’s stock valued at $309,338,000 after purchasing an additional 265,670 shares in the last quarter. 99.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on MKTX shares. The Goldman Sachs Group dropped their price objective on MarketAxess from $168.00 to $130.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Wall Street Zen lowered MarketAxess from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. UBS Group cut MarketAxess from a “buy” rating to a “neutral” rating and decreased their price target for the company from $200.00 to $167.00 in a research report on Friday, July 31st. Weiss Ratings reissued a “sell (d+)” rating on shares of MarketAxess in a report on Monday, August 3rd. Finally, Rothschild & Co Redburn restated a “neutral” rating and issued a $134.00 price objective (down from $189.00) on shares of MarketAxess in a research report on Thursday, June 11th. One research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $156.10.

MarketAxess Company Profile

MarketAxess Holdings Inc operates an electronic trading platform for institutional fixed-income markets. Through its technology, investors and dealers can trade corporate bonds, government securities, emerging-market debt and other credit products in an electronic environment designed to improve access, execution and transparency.

The company’s offerings include its Open Trading marketplace, which connects a broad network of institutional participants, as well as a range of trading protocols that support different liquidity and execution needs.